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KOFY 5
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KOFY
Dec 28, 2012 11:30am PST
100 billion dollars in government spending cuts are set to take effect. what happens january 1st, is less than certain. if congress and the president miss the deadline investors could panic sending the shakey stock market into a downward spiral. businesses and consumers could lose confidence and cutback on spending. a recession would not be immediate as long as all parties are working on a deal taxes and cuts could be kept at bay for a few weeks and repealed retroactively. if they never agree taxes would go up $2400 for families. americans would feel cuts to government services and an estimated 3 boy 4 million jobs would be -- 3.4 million jobs would be lost. while the political blame game continues. >> we are here in washington, working. while the members of house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> i toe the president we'll be happy to look at whatever he proposes. but the truth is we are coming up against a hard deadline and as i said this is a conversation we should
KOFY
Dec 28, 2012 12:00am PST
. the employment development department. >> the people in government they must be aware of the problem and they appear to be ignoring the problem. >>reporter: they do know. state awed tonight march 2011 first out hin the problems in the unemployment phone system and follow-up audit last month confirmed the issues are very serious. of the 29.7 million calls in which individuals ask to speak with an agent, 24.9 million or 84 percent were unsuccessful. >> i think people have a lot of expectation that i call and someone is there to ns a.well there are finite resources of staff. >>reporter: edd spokesperson says budget limitation and the volume of calls to the unemployment insurance line make it difficult to answer every call. >> demand is overwhelming. we know that it's difficult staples to get through to a representative but we are doing our best to try to make information available for our customers. >>reporter: she directs people to the edd web site. e-mail. social media sites. she has the same advice for people having trouble on the disability insurance line. >> submit your ques
KOFY
Dec 29, 2012 12:00am PST
that the government is committed to bringing the guilty to justice as soon as possible. dan? >> ama, thank you very much. >>> former president george h.w. bush remains in intensive care at a houston hospital. the bush family spokesman says the 88-year-old former president continues to improve. he says the 41st president is alert and as always in good spirits. bush has been hospitalized since november 23rd. >>> marilyn monroe may have been a sex symbol, but the fbi looked at her as a potential communist. fbi files on the movie star show the bureau was keeping tabs on monroe since 1956 when they received an anonymous tip that money from her production company was making its way to the communist party. monroe was married at the time to play write arthur miller, a member of the communist party. there was no information after her death in 1962 or the bureau investigating the rumors that she had been killed. >>> if you would like especially with these gas prices to be able to drive around on a 100 mile per gallon car, ford has the car for you. the ford fusion will be certified by the environmental protec
KOFY
Dec 28, 2012 9:00pm PST
government unveiled tirt internet censorship rules. internet users in china required to log on with the first and last name and list of forbidden web sthit already include facebook twitter and you tube has now been expanded. government is also ordering service providers to delete postings on message boards that might be viewed as critical of the chinese communist party. >> in maine law legalizing same sex marriage just went into effect about 30 minutes ago. city hall in portland opened at midnight give out the first marriage license. voters approved gay marriage in november in maine. similar law in maryland takes effect january 1st couple days from now. already legal in washington state. those 3 states were the if is to approve gay marriage by popular vote. >> just ahead here. details with the new year's resolution perhaps? guess what? there's an app for that. new back in the day, we didn't have the u-verse wireless receiver. [ light laugh ] the tv stayed in one place... mmmmhmmmm. ...right next to the upstairs tv outlet. oh yeah. they can move the tv all over the place, even outside. g
KOFY
Dec 26, 2012 9:00pm PST
. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that that won't be taxed. >> reporter: the current budget negotiations between president obama and house speaker john boehner also could mean the reduction of
Search Results 0 to 4 of about 5